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Jan 15, 2020 · The citrus and the cotton industry have predated Arizona’s economy for decades and are among the state’s iconic 5 Cs. The other 3 C’s stand for cattle, climate, and copper. Important agricultural exports in Arizona include cotton, dairy products, and fresh produce.
- Sundra Chelsea Atitwa
After Arizona officially became a state in 1912, the mining industry exploded and remained the top industry until the 1950s. Today, tourism is Arizona’s #1 export industry, with 45.5 million visitors flocking there from all over the world in 2018, bringing $24.4 billion to the state. Best Western is headquartered in Arizona, along with Cold ...
- Technology and Innovation: Arizona has emerged as a hub for technology and innovation, attracting major companies and startups. The state’s favorable tax incentives, access to top-tier talent, and collaborative environment have contributed to its rapid growth in this sector.
- Aerospace and Defense: Arizona has long been a hub for the aerospace and defense industry. With the presence of major defense contractors, research facilities, and military installations, the state continues to experience robust growth in this sector.
- Healthcare and Biotechnology: The healthcare and biotechnology industries in Arizona are poised for remarkable growth in 2023. The state boasts a robust healthcare system, world-class medical facilities, and a thriving biotech research community.
- Tourism and Hospitality: Arizona’s stunning landscapes, vibrant cultural heritage, and favorable climate have made it a premier tourist destination. In 2023, the tourism and hospitality industry is set to flourish even further.
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Nov 6, 2023 · Known for its remarkable balance of traditional and innovative sectors, Arizona stands as a thriving ecosystem for various industries, contributing significantly to its economic prowess. Let’s explore the major industries that serve as the backbone of Arizona’s sustained growth.
The largest industries by revenue in Arizona are Third-Party Administrators & Insurance Claims Adjusters, Hospitals and New Car Dealers, which generated $30.7b, $26.6b and $26.2b in 2023. Industry.
Aug 30, 2023 · Source: Bureau of Labor Statistics. Is Arizona's economy growing? Real gross domestic product (GDP) growth. In the 3rd quarter of 2023, the real GDP growth rate for Arizona was 4.9% per year, compared with 1.5% the previous quarter. The latest data shows that Arizona economic growth is the same as the US overall.
This interactive dashboard visualizes data from the statewide employer database. It includes an overview of employers, jobs, and business locations, as well as information on industry clusters, key industries, and foreign-owned businesses.
